Goldman Sachs Group Inc. won a U.S. appeals court decision compelling a female former managing director who sued the firm for gender discrimination to pursue her case through arbitration rather than in court.
The Kentucky Supreme Court upheld the disbarment of famed class action lawyer Stanley Chesley, a partner at Waite Schneider Bayless & Chesley Co. in Cincinnati, for “unreasonable” fees received in the settlement of a class action. Under Ohio Rules of Professional Responsibility, the disbarment may provide grounds for disbarment in Ohio as well.
Adam Klein, one of five Columbia University students arrested in December 2010 and charged with selling drugs on the New York City campus, was sentenced to five years’ probation after pleading guilty in January to attempted criminal possession of a controlled substance.
Citigroup Inc., whose $285 million settlement with U.S. regulators over a collapsed collateralized debt obligation was faulted by a federal judge as too lenient, may have to pay more money to avoid admitting it did anything wrong, said lawyers following the case.